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History of credit ratings for non-convertible debentures and long-term bank facilities since inception of the company:
| Date | Rating Agency | Credit Rating and Outlook |
Particulars |
|---|---|---|---|
| 17-06-2025 | CARE Ratings Limited | CARE AA-; Stable | Rating upgraded to CARE AA- (CARE Double A Minus) with Stable outlook from CARE A+ (CARE Single A Plus) with Positive outlook. |
| 21-06-2024 | CARE Ratings Limited | CARE A+; Positive | Rating re-affirmed to CARE A+ (CARE Single A Plus) with Positive outlook revised from Stable. |
| 01-12-2023 | CARE Ratings Limited | CARE A+; Stable | Rating upgraded to CARE A+ (CARE Single A Plus) with Stable outlook from CARE A (CARE Single A) with Stable outlook |
| 27-05-2022 | CARE Ratings Limited | CARE A; Stable | Rating upgraded to CARE A (CARE Single A) with Stable outlook from CARE A- (CARE Single A minus) with Stable outlook |
| 01-07-2020 | CARE Ratings Limited | CARE A-; Stable | Rating upgraded to CARE A- (CARE Single A minus) with Stable outlook from CARE BBB+ (CARE Triple B plus) with Stable outlook |
| 31-12-2018 | CARE Ratings Limited | CARE BBB+; Stable | Rating upgraded to CARE BBB+ (CARE Triple B plus) with Stable outlook from CARE BBB (CARE Triple B) with Stable outlook. |
| 31-05-2018 | CARE Ratings Limited | CARE BBB; Stable | Rating upgraded to CARE BBB (CARE Triple B) with Stable outlook from CARE BBB- (CARE Triple B minus) with Stable outlook. |
| 04-10-2017 | CARE Ratings Limited | CARE BBB-; Stable | Rating agency assigned the rating of CARE BBB- (CARE Triple B minus) with Stable outlook. |
